Plant-based Meat Market by Type (Tofu, TVP, Tempeh, Seitan, Meatballs, Burger Patties, Nuggets, Crumbles), Source (Soy, Wheat, Pea), Distribution Channel (B2B, B2C ), and Geography

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Plant-based Meat Market by Type (Tofu, TVP, Tempeh, Seitan, Meatballs, Burger Patties, Nuggets, Crumbles), Source (Soy, Wheat, Pea), Distribution Channel (B2B, B2C [Convenience Store, Online Retail, Specialty Store]) Geography-Global Forecast to 2030

According to the research report titled, 'Plant-based Meat Market by Type (Tofu, TVP, Tempeh, Seitan, Meatballs, Burger Patties, Nuggets, Crumbles), Source (Soy, Wheat, Pea), Distribution Channel (B2B, B2C [Convenience Store, Online Retail, Specialty Store]), and Geography-Global Forecast to 2030,' the plant-based meat market is projected to reach $24.01 billion by 2030, at a CAGR of 13.9% during the forecast period 2023-2030. The report provides an in-depth analysis of the plant-based meat market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growing preference for plant-based food products, the growing vegan population, the increasing focus on animal welfare, and the rising demand for alternative proteins drive the growth of the plant-based meat market. However, consumer preference for soy and gluten-free products and significant preference for animal-based products may restrain market growth.

Moreover, innovation in food technology and product launches by plant-based food and alternative protein manufacturers are expected to create market growth opportunities. However, the expensive nature of plant-based products poses a significant challenge to the market's growth.

The key players operating in the plant-based meat market are Beyond Meat Inc. (U.S.), Impossible Foods Inc (U.S.), The Hain Celestial Group, Inc. (U.S.), Unilever Plc (U.K.), Kellogg Company (U.S.), Lightlife Foods, Inc. (Part of Maple Leaf Foods Inc., Canada) (U.S.), Nestle S.A. (Switzerland), Conagra Brands, Inc. (U.S.), Taifun -Tofu GmbH (Germany), Atlantic Natural Foods LLC (U.S.), VBIte Food Ltd (U.K.), Sunfed Meats (New Zealand), Quorn Foods (U.K.), Ojah B.V. (Netherlands), and The Kraft Heinz Company (U.S.).

Based on type, the global plant-based meat market is segmented into tofu, TVP, burger patties, tempeh, hot dogs & sausages, seitan, meatballs, ground meat, nuggets, crumbles, shreds, and other plant-based meat. The hot dogs & sausages segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to their increasing popularity as ready-to-eat food, new product launches of plant-based sausages, and increasing availability in many restaurants.

Based on source, the global plant-based meat market is segmented into soy, wheat, pea, and other sources. In 2023, the soy segment is expected to account for the largest share of the global plant-based meat market. The large market share of this segment is attributed to the rising demand from meat alternatives manufacturers, wide availability of raw materials, lower cost compared to other sources, wide usage of plant-based meat products, and higher consumer acceptance level due to its meat-like texture and taste.

Based on distribution channel, the plant-based meat market is segmented into business-to-business (B2B) and business-to-consumers (B2C). In 2023, the B2C distribution channel segment is expected to account for the largest share of the plant-based meat market. The large market share of this segment is attributed to factors such as rising online sales, increased plant-based food sales in well-established supermarkets and hypermarket chains and increasing consumer spending on vegan food products.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is slated to register the highest CAGR during the forecast period. The rapid growth of this region is mainly attributed to the rising disposable income and improving standard of living, rapid urbanization, growing focus toward the inclusion of healthy diets such as plant-based food, the rising presence of many key players in the market, and rising government initiatives for the food industry.

Key Questions Answered in the Report-

What is the current revenue generated by the plant-based meat market globally?
At what rate is the plant-based meat demand projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the plant-based meat market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
Which segments, in terms of type, source, and distribution channel, are expected to create traction for the manufacturers in this market during the forecast period 2023-2030?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the plant-based meat market?
Who are the major players in the plant-based meat market? What are their specific product offerings in this market?
What are the recent strategic developments in the plant-based meat market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Plant-Based Meat Market Assessment-by Type

Tofu
Textured Vegetable Protein (TVP)
Burger Patties
Tempeh
Hot Dogs & Sausages
Seitan
Meatballs
Ground Meat
Nuggets
Crumbles
Shreds
Other Plant-based Meats

Plant-Based Meat Market Assessment-by Source

Soy
Wheat
Pea
Other Plant Sources

Plant-Based Meat Market Assessment-by Distribution Channel

Business-to-business
Business-to-consumer
- Modern Groceries
- Convenience Stores
- Specialty Stores
- Online Retail
- Other B2C Distribution channels

Plant-based Meat Market Assessment-by Geography

North America
- U.S
- Canada
Europe
- France
- Germany
- Italy
- U.K.
- Spain
- Netherlands
- Belgium
- Austria
- Poland
- Portugal
- Rest of Europe (RoE)
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 104898

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency & Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Plant-based Meat Market Assessment-by Type
- 3.2.2. Plant-based Meat Market Assessment-by Source
- 3.2.3. Plant-based Meat Market Assessment-by Distribution Channel
3.3. Plant-based Meat Market Regional Assessment
3.4. Competitive Landscape & Market Competitors

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Growing Preference for Plant-based Food Products
- 4.2.2. Growing Vegan Population
- 4.2.3. Growing Focus on Animal Welfare
- 4.2.4. Rising Demand for Alternative Proteins
4.3. Restraints
- 4.3.1. Consumer Preference for Soy and Gluten-free Products
- 4.3.2. Significant Preference for Animal-based Products
4.4. Opportunities
- 4.4.1. Innovation in Food Technology
- 4.4.2. Product Launches by Plant-based Food and Alternative Protein Manufacturers
4.5. Challenges
- 4.5.1. Expensive Nature of Plant-based Products
4.6. Key Trends
- 4.6.1. Sustainable Foods

5. Plant-based Meat Market Assessment-by Type

5.1. Overview
5.2. Tofu
5.3. Textured Vegetable Protein (TVP)
5.4. Burger Patties
5.5. Tempeh
5.6. Hot Dogs and Sausages
5.7. Seitan
5.8. Meatballs
5.9. Ground Meat
5.10. Nuggets
5.11. Crumbles
5.12. Shreds
5.13. Other Plant-based Meat

6. Plant-based Meat Market Assessment-by Source

6.1. Overview
6.2. Soy
6.3. Wheat
6.4. Pea
6.5. Other Sources

7. Plant-based Meat Market Assessment-by Distribution Channel

7.1. Overview
7.2. Business to Business (B2B)
7.3. Business to Consumers (B2C)
- 7.3.1. Modern Groceries
- 7.3.2. Convenience Stores
- 7.3.3. Specialty Stores
- 7.3.4. Online Retail
- 7.3.5. Other B2C Distribution Channels

8. Plant-based Meat Market Assessment-by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. France
- 8.3.2. Germany
- 8.3.3. Italy
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Netherlands
- 8.3.7. Belgium
- 8.3.8. Austria
- 8.3.9. Poland
- 8.3.10. Portugal
- 8.3.11. Rest of Europe (RoE)
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South Korea
- 8.4.6. Thailand
- 8.4.7. Rest of Asia-Pacific (RoAPAC)
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3 Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Beyond Meat Inc.
10.2. Impossible Foods Inc
10.3. The Hain Celestial Group, Inc.
10.4. Unilever Plc
10.5. Kellogg Company
10.6. Lightlife Foods, Inc. (Part of Maple Leaf Foods Inc., Canada)
10.7. Nestle S.A.
10.8. Conagra Brands, Inc.
10.9. Taifun-Tofu GmbH
10.10. Atlantic Natural Foods LLC (Part of Aft Holdings, Inc., U.S.)
10.11. VBites Food Ltd
10.12. Sunfed Meats
10.13. Quorn Foods
10.14. Ojah B.V.
10.15. The Kraft Heinz Company
10.16. Other Companies

(Note: SWOT Analysis of The Top 5 Companies Will Be Provided)

11. Appendix

11.1. Available Customization
11.2. Related Reports